Financial Landscape Updates
The rupee faced challenges, falling to 87.52 against the US dollar. Meanwhile, India's forex reserves saw a rise, reaching USD 695.1 billion, indicating
a stable financial base. Market sentiments are influenced by SEBI warnings against fraudulent schemes, and updates from AMFI and India Post partnership for mutual fund distribution, with SEBI also focusing on investor confidence. Recent trends in gold and silver prices are also being monitored.
Infrastructure and Projects
Developments are underway with announcements regarding infrastructure projects such as the Jabalpur Flyover inauguration and the Kolkata Metro expansion. Private sectors are involved; Reliance Infra to monetise the Pune-Satara toll road, and Globe Civil Projects’ order book crossed Rs 1,000 crore, alongside Titagarh Rail securing a Rs 467-crore GRSE order. This includes the inauguration of SJVN Buxar Thermal Plant Unit.
Policy and Government Moves
The Income Tax Act 2025 has received the President's assent. The GST Council is discussing a two-rate structure. Discussions about homestay registration with NITI Aayog recommending a single window. The government is also focusing on the fertilizer supply for the Kharif season, and supporting the plantation sector to boost exports through FTAs. Bureaucratic rejigs and appointments continue.
Corporate and Market Moves
Choice Consultancy secured a Rs 140 Cr project. Ola Electric held their AGM, and Manzil secured Rs 475 Cr from Indian investors. Mangal Electrical's IPO was oversubscribed 9.46 times. The market also saw activity from Premier Energies starting solar cell production. Updates include Sundaram Home Finance launching Anugraha, and Brigade Enterprises targeting Rs 11,200 Cr in revenue. Nazara Tech shares saw a plunge of 17.52%.
Technology and Partnerships
Upsida and CEL are partnering on solar energy and EV charging. VinFast and SBI are collaborating for vehicle finance. Monash and IIT Bombay are teaming up for innovation. Also, the Trai is developing policies for a critical communication framework. This also includes news on India's first indigenous combat aircraft. PVR INOX has opened a 10-screen megaplex in Mumbai.
